hmmm... and perhaps the difference between the 65c and the current SP (17c) is considered a loss (either capital or income - probably income) which they can deduct on their personal returns... fringe benefits tax is due on the interest free loan but the company pays that... and the company is covering the loan... so a free tax duction now... and potential profit if the company goes over 65c... can any accountants out there confirm this? Is the cost base reduced here? Just interested to understand the what and why here.
Yes I remember this being done last year as well.
hmmm... and perhaps the difference between the 65c and the...
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$1.16 |
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